This Is Not A Crypto Bear Market.
News across the cryptoverse tends to focus on the year-long bear market, also referred to as the crypto winter. It is true that prices have fallen dramatically and remained depressed and stagnant since the crash of December 2017. But this is not a bear market, nor is it cause for alarm. In fact, it is cause for celebration, because we are on the cusp of a revolution that will transform every aspect of the financial world. This revolution will also present a unique opportunity for those who opt in early to make massive returns on their investment.
Let me explain.
According to Coinmarketcap.com, the total market cap for all cryptocurrencies on December 17, 2017 was more than $587 Billion. Bitcoin alone enjoyed a market cap of more than $320 Billion, which was driven by its $19,140 price, which was astronomical at the time. Within days, however, prices started to tumble, with investors panicking and stop-loss orders kicking in. Throughout 2018 prices continued to decline. Now, in early February 2019, the total market cap is under $114 Billion, less than one-fifth the value of just one year previous. Bitcoin, still the cryptocurrency with the highest market cap, only commands a price of $3,471, which equates to a $60 Billion market cap.
